Global Trade Alert
Global Trade Alert

EU: EIF invests EUR 45 million in OTB Fund II for finacing innovations in deep technologies

Announcement

24 Nov 2022

In November 2022, the European Investment Fund invested in a fund managed by OTB Ventures to finance innovations in the deep technologies sector in Europe.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

24 Nov 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 24 November 2022, the European Investment Fund (EIF) invested EUR 45 million (USD 46.8 million) in the venture capital fund OTB Fund II, managed by OTB Ventures. The capital will be used by OTB Ven...

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